U.S. President Donald Trump continues to fulfill his election promises, including actions against cryptocurrency reserves and the initiation of a trade war.
Beginning of the U.S. Trade War
Trump announced the start of a trade war, threatening to impose tariffs if his demands from trading partners are not met. This effectively means limiting the import of products from certain countries.
Economic Consequences for Trade Partners
Countries like Canada, Mexico, and China will face reduced exports and economic repercussions, raising concerns about potential short-term impacts on U.S. inflation. In his statements, Trump elaborated on various goods and services subject to tariffs.
Market Reaction and Cryptocurrency Rates
Market reactions to the imposition of tariffs currently do not concern the president, but the price of BTC has fallen to $101,603. This indicates potential impacts of Trump's economic policies on global markets and the cryptocurrency sector.
Trump's tariff measures may have significant implications for the global economy and cryptocurrency markets in the near future.
